Former Trump advisor Stephen Moore considers joining a 'crypto central bank'

Stephen Moore, a former adviser to U.S. president Donald Trump, is considering joining Decentral, a cryptocurrency central bank.

Moore recently lost out on a bit to join the board of the Federal Reserve and is reportedly looking to get involved in regulating the crypto industry.

New 'crypto central bank' partners with former Trump advisor.

A former advisor to U.S. president Donald Trump is reportedly considering joining a startup that wants to create a cryptocurrency central bank.

According to sources familiar with the matter, Moore has joined Decentral, a startup that is billing itself as "The world's decentralized central bank." An investor pitch deck obtained by the publication showed that Decentral will be tasked with regulating the supply of cryptocurrencies-much like the Federal Reserve controls the supply of fiat currency in the U.S. The company will also have its own native token, which it will trade for other cryptocurrencies.

Reports have shown that Moore will serve as the company's chief economic officer and will report directly to Sam Kazemian, who currently serves as Decentral's CEO.Failed bid for the Federal Reserve pushes Moore into crypto.

Joining a crypto company is a move few expected from Moore, who was nominated by president Donald Trump to serve on the Federal Reserve Board.

According to The Washington Post, Moore said that he would decide whether to join Decentral in the next month.

The reactions about Moore's jump into crypto weren't all that positive, to say the least.

Others were harsher in their criticism, calling Decentral a "Stupid idea" and Moore an "Incompetent Trump loyalist."